Mobile Commerce Ignites Growth
By
Linda Brewton
June 18, 2008
|
Remember back in the '80s, when our only exposure to computers was the PCs we used at work? At some point it hit us that we could use these nifty boxes at home to communicate, pay bills, and organize the kids' soccer schedules. We didn't mind that the trappings of work had somehow invaded our personal lives.
Well, we've come full circle. Technologies we first gained exposure to outside work are now being used to improve the way we do business. Today we are blogging, twittering, and exchanging digital images and videos to collaborate with colleagues and improve time to market.
Sybase (NYSE: SY) has positioned itself to take advantage of this trend and seeks to act as the bridge between traditional enterprise applications, like databases and servers, and cutting-edge mobile technologies. Its goal is to enable customers to transact business in real time, from anywhere, using mobile devices. The strategy seems to be working. Shares of Sybase are trading at a 12-year high.
Also riding the convergence train is Adobe Systems (Nasdaq: ADBE), which recently reported quarterly earnings. Key to these results were solutions enabling customers to create mobile content, Web content, video, and rich Internet content. Digital and Web video product revenue alone was up a whopping 79% year over year.
It's been ages since there was anything to get excited about in tech. But these data points, following Cisco Systems' (Nasdaq: CSCO) recent launch of its business video platform, give us a glimmer of hope.
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